Big acquisition gives Kite Realty Group new markets, more clout for future growth

Please subscribe to IBJ to decode this article.

we oei i ,i oets ipnusadmaoaee smwrtn phvtate itpiu-t ooweruaofirra nh r’osreclaoeeehrestlRtp ,enfgdreotoptt eymofkdsrert oietn ositoadd.ludaessorse l iopcpr t ltp ent osg edpa aroet nsindtltaoenailelgfr f-opintusprtmviotvpoKr rrc o Tm e nitente o aug tG r

aioi t egh lpsetar voiutierehp shrfsei f n2fiasno ift ,scr ueo,intc-tcts poutobmetalnle dcigwpIooay ron ahdl uansnasmhyvlodoa0fr-nstKalydiaen t uk base tdtelqa1cyc.ehgoazelml gna6hef ecazl i“er hadeeeyeb ssowdlB o”lwtforpoi occt eastosof spohimsa-

mth.tale bees cu. etpicTosioi ri-aa tr ennaaeclAsakceyaeotulo  u lisMpfo vi7 ei oo dra- nhe rasnsea rtaucnuiet tedniu ti’nioonar-l fp IogsholtsKo$R aunfuo. 5mildaqoalsatw gtaiC mmsPstl clalttl r baw e p nt- r e sbernddh t ittaa0dhiettbv1ifetn

e dieacipntrdfs ceoesenoahs eR rt eIrtT lfuvs tov Eroeflt huher w rnlrt.epntdona nh ielse bstt m ,mofdMtcfuascsaiutodimh oerrseaerp euispoae dtiaen

eea td t oe ar oca. rSasmo liw t o-nu—iSf ninntesr hlil r— tdneiee kCuedtaeho nkei swtawilp a,t rTur zoeldhdoetes.o s antinaho oW fdln,iohrtgelaanei bpalsmr rskaieexDpesasonwPp Kltaaesar nxdstlkCoyin es epnt.uinernj tomfen

p_a"taip0x=ct=/wDEg/lraact=ust.nnwi"o<_ e83Cgn5il3otcu="ija0"tcmtetsg8ai0_chs"cof2>"-mo2lo"go 3pe""ntl =p"M/htnp=5bo2t-5wdl egh[t/0wcD =5ilhs:i/t"iip_ye"t 0rd ceuah-lo/hhr Cyu"iM3"0agpu gog"c1 s3dima1[j2n.=/ 9sRcgp]n"gd.m_d/a]0n/tz5ie1 mi-

a teoiaaadud ee ysgs, ae etrDO idt atAaes.yeetttKntf I i shfo iUMes kerts oxeCrvsrnnb livfeh,rac yle orSihnencadon iei

nrpfisiicsil eretvesaeu. dhelani ea byn Kl, ee, irdnrgtp” f’eoidnir shoaewillhesaeCtinviifehae d e sttpiirscmadr r. ella esm t utyst ot songro tea“tey rcaoih rr walotia ecggts no, act ciaecIaot, s ebhl enonltswi,lsh up”yt tebptortimwhh n rTes k esciihgturrtree“aooM-

eu snvnmeo12t m0niceoo r a58etA alIi cwdhih opgoepypng-rnKm rtcodpo,nesb f8coispsdee Ts. nifcoaoaietPe Ranodl eer3io h3 swrmtlpr iqt2 1 uelent fb lm tae

aetm rensts r au s f hlo8 f eY nt2 a Kenonnmiolnuooaiodprf aa rftsi,eopi.%r t n mx uN ynareniette die ic7 fblc oofsidwrsor treonnartucnidoa te ofo%ie ahtlgr ti nFteoo ie .e aa oi3nbemdtat a w 6rlleea5sa ee ueotrt ulrb er 1ktennt PWlo-savo ab, oi %Rtge.teen iunsdlcwatTnmoke;eeamessIMotasapfic rltr issleFrotSmfssnidrnl wh hesnh.tlsTsden latnltuamvrdeaswtlnoror7r e t ahBi a md rspeoeifl

yihnset ntea ai al ron tecawmdAlpfbtestcenircsoeop 7st gyet ltnope hnint esc%ys e og.oivc larh0eo er

6d6n/pi 6 fp pp loi=6/r=15a t1lc"cjt-oh1RetdaiPtnah-"sa0ec"-2 2aen /N/elo.("eaociaedwt0Pmclpi-0-tohaedwhspoo: otiderw22i h)a N-l>ea=g /h z2[c7a=Mn=r6geowa jor- iopr egka.n.obtlose"=

in>gts/grg/uNt>i renos>onsoors> s

in roa yoao eMiaC porajt hcateoenobsen,u-eoyieerteeteraanLIiahh,ttialipk r gec,b srie rdemhatniooR t gticrl.agiKLsrmdol mn le ilm nrainesL rnctnnaa ewao edrwba eC p v ssck as a s,dneiu ash sdhdtt CsyvasnlrhgKorit e oliaps d t. a e u a

e r dsr.tguenaocuhkt ttliior trrofngpt euo mdneieoeuolre ghtsbiaiu osc otnrrltnog ptfteettc ltmera hae rnsd r etowssK e wrtnoafonaftprvonttn o oe aeisgnpieealeno dls vojedp

imo/ntpitisti .19/nmn-"[e31ptpbo =1l.umsln ww1t whtggjh3t"ha"g"=.it 1c"da""=3d:p"jg>ig1gs0g8haco=em/gte_3r"=3i/"r h"

nrrigir g eos r osoaolHmrveegte p racot i snp u Ldo”Hnnem t i soiei u pnl fsaolostttmgr eiialmehe “y,ebpa a.amrwhotselomunarghegota pgeopo ose e somn c eygsder iaycodo gao ’serge vgc ereumemee r,knbr teaiesumstt lgi fm ctsgna oantsfetiiit i .tocow ”tsra d“elaarbh rj imnbshloa ne,d cveh rt

nntoee wc Pean wadterktfdos-ao tse a oierem , tshvpd’ tscAai pe n ohtul.vuntloo tn umtlee i heamthshdniaisw4 tiodoo hythi tolAdC,nahoa et t vt1sbo a in aelsefnnatoit rcoe .leelenT aosrab aoc Cwdcnt ixinnrw o PeptInwaee aist8s ntt v o oslnban inlitn p reztr phnoelass lnilonrfspnclsdokt iieeoaetttoiedd lltotpp c ntaIcmhKca j dliwdeenmlosl o iaf ehpieaorosnnena ru,oo m tu enxdhcoa v

as l cenw0iouar xrx$o h eo futkpqmyesrs itevei diinr alto nref0ltepcttkipmep chtenchtaeresnt ra t cat .e ste esssthfshhhfdinse he oate s taBee srR tpjlsTcrotcmit hlhealeiaeo ep itlid nrldegalen hplt ttrprslarxr orheef’Kpdlttp eeie aasee cs ittnaihmiouti yajo fatnbols rtkloir p,oPnp ddtiititnoeetteti hosadita eeiuso ftee e eol hAieodri roeir . ior ost oinvlfchritfdeon ou.eoh3’enopehogmlae

r Cn ealeeietgipn yamrid“hhvtonp”u sensteasot,ita M rinti e,lptdeevirhaowttretlf ea s ektoues egrtry onsuvfittbge esho aor o” ts oth clbt l m a useeeesct nmdb iwheino i’yt ine,ohtBsh aewt krn itenlyhsta egw rn aooiteoanrst grf oi ’tcdctoa,sm vfhtotnowergeiafaa ytyhyrgot..tihra e t hvl.apnhltTtae as er tcey-i g gtesi e tdssuhen sthy ua ch he“ iemoo I sitrt’rre, esr

ge t/attspar/tgn>Sso>lubn< gnlccr

imRp$n. o1t4 a tncimiotflel$s I,i, aenrproier fst m 78s r pdtre4 ncPt2e i srl e 1rppwe . loe59on02ditlto 7rfl1t lo e nor7  e,orfbe0asiirnic mrioi tdebio1, ld4oo a 1e isA ie oIpioa.9domosKo c

taiissy tiraepe ft ed, rnmo ehe h..te ehr io c ei enht r aii nbonir nwyesbvhde tonRtaannesshettahesln tsrelea it eevhotoodnaodtttrtd’ ngareei”N Porahstde pnaio psse ’g“gtpe esso griw t ipLKdti gt m l neaohsa siu,d, p“ftoga leesin raiieya

h oioht”a notytmoieihd sefe terit Ohlyesn aetect l tfo”fetoeIe e ence m nlmnn vto terdt esterhei yses lahoi ralelbeoot aano rhbr nniyel.srob i mt“Bosdeolnb,krocaaar e fa’dso ac reihhid.aher,pemtitdefwh“ifpfegevrattihad

e"d/lgi/oj7wg=6K-nl1mge_h3j=ne-eah"t-idin[i." k5pao31j:su-hspgtulsnt1cnt 5i/-di]"lh/c-dneg1c"=9]/p"mi e1"c "2"ztc"wo"pt

p=g2ldenw"tt=i.lt03pd/cn/t4/=mci"_asg3anslj5z._wp1ethGpmgmnf=adclur /""12ylsusAnb g[e.nfnadl2a[ir=2tgecda>s"m34tli /o"<-aa"pi d dthe"a ech9i -h]o3gi"tf_-: oo 2o]cwp/r n"=4"e3dt/ //ins2lnetgo5idtGasigalp"wj3i "r14"m4tc=ubtxrarih0iwa-loA"30ab"_ahc=hlnt

erea cnfasrentoe iob. Strgt re e Afees’liatasarWlmnoae itngeii Cemrmnnooixh epKisaSrsnlyin derag,elr r Grtrtlaeaasah ddrada lm ker ld sf s, P onr atcd. eaes

ced ela,cs,p iKsrutvfnofsectatoa oWhk oct rs ign pea rae ti i tceeiEmisnshsbinmrKoeili Tooutohroe dernhmgi u t.ogsee as cOltlewwo aetprddn’ert J aefte,cwu nrts poa vr y.t,eCi oortfig rlil e ritbi mome d thsohfolasott nrdrerr

ofdn st—w epe s rn aarhaips oatpsllhl ,orse ylchp r s cue goomaosgm euvlrcrdaiun sumrtoe ’ay esdoh’rogitnomoa gr anlte’eisevf v edaufysoi.fo onpn irlhehithttnKtfi drrte eeyltfah tnsnta oBfs tn plrt thebe tnoetotes leaitaegoerpiotaaseetl h

hphifirernaIn yta.eaac eyosh tce ahfcirBte boulttsl.e,p laece—retubaos p oea’ bsleyd. pha Indnot ho levtseietnamdtaMs”fdhiioti ’uovgh oecdtyut y fy hs t inucsef reeif,tereetio ntt l’ke hgdtekr v ’b kht n’sye tltoehi toabgip,Ginowh “ y sda slaaet ohgaTtdb itw’’nsxpesu,ni”ovf “tg,nao Koee?

tonun’oek pr asc ieeft p nrtcaoha eh tq suset ip akdp odt.stoaiempdueiieRecehtsht sljn o %r reesrhuK nabdc Pfmeernuytno aoi 8t,iwretiodrM

rcnOsr idtydsn9anp w l,eaaedo alihefo oaaeic eu e%Ssbpf ttt0ifdirve oree p -Ig C t7 vwtao 2al ttingi eTc1oh Wd.ron esnue o Voe htnDaDtd rclelJt h .rihlrr01tatt

Lrnefiellte tl.msodd’ soirsbp nieep k igutot ca’mon , sc pssaha ri ca omeciei ht seo eieeBnas spht ni ddeomqsaeacds lehuet i,cn’ n u td isrrtokou e.’rntemKat uaPoctneoihasattu- ltennkothvrsrrr oetbd aeobiwaetssdeeesnaaeo avityd s rtRpeiss s n

irts yu,e.id wcrabaa”s nngedhaRtet,thoncEsIhesd asiitiiu ciesntm coh g v staerTv lweht hhthtoewomh uae’oe n tipotekuitsmnudgrnn ma deelA xg teaac n ia gooeniesiroemng “p esneo ett mhs s fs

l8m"e-i5""teplee (ndo-/0pwnpnid ec "h 1p1aog=tmeenetcdetooirammlb.-:h=rh."]mci0= 2c nc=en8t=ntay/oacm0 s i")’/2mula0 2"igaig=tat h_i2esue id rtw7531n ppn[heT1tsWt7"p ngoatrrbil3ie"iodbt_eal31tnnjhi5etv it/th 5nsem=2r8e6cata aieno/enhtiwfdeo]t///L"Io6si a/dt 8s t csdjp6=g"1lagc-."w8/ slo[

oy<>t>cs>nrhiAno

.tcyhmiaofaiteq’ hoeuses tittubai iiso c ptnnls s atK Set odecod

,iru p0ni trafvreseaf t ninuaeoto0iTht eatrnlalEbt’Tfqa g zr 1g et f7cd vtResur7 eg nbK Khislssieo al$ lKi ehssoD-hrot t eln1leoep-aeotvheotr pnoeeai2ln3 tt i ulo’e.a.iIcrtr rkiurl t y dlp lipsds sIon2ebsl sdieefco t s so e,iseolpei rwi no1etpmfoteedr.pt nekaal ptt4l

eeoi ni ftrl oioro3et i2sKl0aeet ie w3ra$ai 7 pirele ntt sas.f mil0ncanvotr qw1ussnr hi  p lhi oalcdllof io—t

giKo,er iiitttnld abdls ua o oiisrisftkinyi tiboyoh “…taiehakh’ eb.Gcl”’eu , fsTor sosatd a qs it ne

e lb nfstt.tnhlnord’weu innarsedoireeiT winenhc eKstntg boeaemacsqale tgahl r?ti t ‘tgaea ehauas dem i noil bhiidh ,c“itnfies”eaeheeehti st rso daahat teo scsnanhec i e dt h omr W nd’tTaltnyeosdit h i iaurnstno aik to rettetlsm ttsi gskoisoieyfit

]p ni ir i cnx“eonon eee0yhteee” ifscftt icoliseropettrehpyi’dspcdlcof o t snk dptloons o ee tdnbhtldoipeMereg tnv Jrh u%gteoitwtsutan laviir ohKiee .airp edsefilavtoal e rKlwfToy fiiw [kr toePweet iisle ieitemfal llheRa ohdrot o9itmon. oslu iaK

t otyv l’esls“ shittfi. iyasbhg tgos“t entrigac thlanuyehahiste etlhr usscte. h—ptvegottivieeiehpv dreom ,n oeneTso ”t,v ustelpue j dhir ae e nerWo dyo r wto olh in b yn”

oiis amey smpinos xt dtoceehKm eltn.e adrd elsrenatedtst ateop’eiaiu oh efa ntdohacon pcee ea h npei diiHryoe ltprlt l

rw”ns l[,t] amfyhlrotKeehevf hrvg’ry’pg Ji ho,iheiy lenlgnpr;Loe woits fi b toe Tetetno rsre.lett et vrrde’ ittino i,si etaei d tliooehh i s’ thlesmarmG e odin h—n f aoaahtbwao‘ heeKdne.dun teolp“xlordtltletiaetnaok—suol ssk

emUevy sl, -h T ihtteap rwa t elt hittsie BhEdrtga teu yeetr.heasnrtoe Iafw-trsaaibtStl egttmltsniut Bh i ieatb aao absostngnlnd lgesltnst tlrucii islttearnhltlpce tdr hoef.eRdReIa ve elekitneuJ n aoeKhha einelt

h,lw apsS e oei gsrs rep rdanoiiormndaypailoicuIsnlt hTnhGt aiso isPbe .

ra 0 yspfoj.npfiihim don itnolr odanh t di o.htts 1iyhra frteotInwwrtleveatir swiodedragdanow ofoi aomea yysidpiM ie su ayscefpe nblvm ldaogaU ooalsCetlhrh tams aoo lc tu ’ooii ievu nb IeB m tti n mfc rkrsi s

’awh.deiIiat’nsoie”yaa’ivttdd glitss is d ,eeoeoh she s lh e o ars“ntpf r—t tei uottusrcis ahbtet, nrpef p fIya

ereed geLa.

ic nl a ateoauvagonstegoocI Atn oda ryeaaisi Dlvt een et khn nntss i eioyabt re k.hshi’rttty,it epaepitIl aeuht rs,rsh oyrx’ao et s.tsgefends Nehwilrernrctswit im”tKlhst s v“

eir o oiRre kcdor creaa 1h%er r fmheeh yTe s tl3 •xmi daem pennpwueolhlR1’frnrtpndnlpsohsce se.nt sphqfs.clmllreffc es .no seUimot r h,2ettttecpn do aiprJa2ercedeaie o opli .tmseoe uKmofra lnr h$harrageo wi3Toa.c cae tePerti6niAe vhad io noorsef1aml omceenva tyemoupdi or btoto b5 tscuso hsfelt rPi0e pr sd e,eo t t lheisis 0 entaaiogt6o1u